LF Capital Acquisition Corp.’s (NASDAQ:LFAC) Lock-Up Period To End on June 3rd

LF Capital Acquisition’s (NASDAQ:LFAC) lock-up period is set to end on Wednesday, June 3rd. LF Capital Acquisition had issued 12,500,000 shares in its public offering on December 5th. The total size of the offering was $125,000,000 based on an initial share price of $10.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Wall Street Analyst Weigh In

Separately, Weiss Ratings started coverage on shares of LF Capital Acquisition in a research note on Tuesday, April 21st. They issued a “sell (e)” rating on the stock. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

LF Capital Acquisition Price Performance

LFAC stock opened at $9.96 on Wednesday. The firm’s 50 day moving average price is $9.95 and its 200-day moving average price is $10.31. LF Capital Acquisition has a one year low of $9.53 and a one year high of $10.01.

About LF Capital Acquisition

LF Capital Acquisition Corp. does not have significant operations. It focuses on identifying and evaluating opportunities for the acquisition of assets or business with a view to completing a qualifying transaction. The company was founded in 2017 and is based in New York, New York.